I appreciate your replies to my question it helped me understand more questions to ask my CPA when working on tax returns / deductions.

In this case, the funds may be deductible, and the tenants pay he money back over time. 

I use an app called Tellus and have been happy with how easy it is.You mentioned accountants and tax deductions.

You can offset the rental income with expenses you incur (talk to a CPA what you can deduct and/or cannot). 

What is the basis for calculation of distributions, what is the timing, and what expenses are deducted prior to distributions.

She said it would be worth the tax deductions alone even if its a slight negative cash flow.

So at least it's being addressed and that's a good sign.BUT -- my question is whether or not the HOA will levy an assessment on the condo owners in the community to pay for the cost make the sewer lateral compliant.

What is the basis for calculation of distributions, what is the timing, and what expenses are deducted prior to distributions. 

@Brian Burke a return ON Capital would then be a deduction to the partnership and interest income to the partners correct?

I know the repairs and improvements are tax deductible, but no idea on if its a good idea to pay of the mortgage quickly or if that hurts my ability to claim tax deductions.Lessons learned?